PRESS ROOM
Agricultural commodities on the march
Thursday 11th February '21
Since the start of December, agricultural commodities have made strong gains with the Bloomberg Commodities Subindex up around 13.5% over the period (as of 10 February). A combination of higher consumption and lower stocks has helped lift prices of the sector. Corn prices are trading at multi-year highs. While wheat, soybean and cotton were also at multi-year highs in January, they have given up some gains in recent weeks. Reduced stock projections for all these agricultural commodities bode well for prices.